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Robust capital expenditure by the government and solid domestic demand is expected to have driven growth higher in the first quarter of 2023-24, with a favourable base effect also playing a role
With sowing season about to end, pulses sowing has declined further and the impact of the same might be visible on inflation, say economists
Retail inflation in onions rose 11.7 per cent in July; early depletion of rabi stock believed to have pushed prices higher
The statistics ministry will release IIP data for June later today at 5:30 pm, which is expected to show output growth edged down to 5 percent from 5.2 percent in May
The Reserve Bank of India's bi-monthly inflation expectations survey showed a moderation in inflation over both three- and 12-month horizons, raising expectations inflation has peaked, despite rising food prices. RBI repo rate has remained unchanged at 6.5% for three consecutive policies with consumer price inflation on target, but economists continue to warn that the impact of El Nino on crops and the recent strengthening of global commodity prices like crude oil, may push inflation up.